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Okta (OKTA) Competitors

Okta logo
$73.69 -0.82 (-1.10%)
(As of 11/20/2024 ET)

OKTA vs. PAYC, CTXS, COUP, ANSS, DDOG, EA, SNOW, HUBS, VEEV, and NET

Should you be buying Okta stock or one of its competitors? The main competitors of Okta include Paycom Software (PAYC), Citrix Systems (CTXS), Coupa Software (COUP), ANSYS (ANSS), Datadog (DDOG), Electronic Arts (EA), Snowflake (SNOW), HubSpot (HUBS), Veeva Systems (VEEV), and Cloudflare (NET).

Okta vs.

Okta (NASDAQ:OKTA) and Paycom Software (NYSE:PAYC) are both large-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, earnings, profitability, dividends, analyst recommendations, community ranking, risk, media sentiment and institutional ownership.

Paycom Software received 137 more outperform votes than Okta when rated by MarketBeat users. Likewise, 64.09% of users gave Paycom Software an outperform vote while only 58.76% of users gave Okta an outperform vote.

CompanyUnderperformOutperform
OktaOutperform Votes
550
58.76%
Underperform Votes
386
41.24%
Paycom SoftwareOutperform Votes
687
64.09%
Underperform Votes
385
35.91%

Paycom Software has a net margin of 25.78% compared to Okta's net margin of -5.55%. Paycom Software's return on equity of 32.90% beat Okta's return on equity.

Company Net Margins Return on Equity Return on Assets
Okta-5.55% -1.10% -0.73%
Paycom Software 25.78%32.90%11.07%

86.6% of Okta shares are owned by institutional investors. Comparatively, 87.8% of Paycom Software shares are owned by institutional investors. 7.0% of Okta shares are owned by company insiders. Comparatively, 14.5% of Paycom Software shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

In the previous week, Paycom Software had 4 more articles in the media than Okta. MarketBeat recorded 16 mentions for Paycom Software and 12 mentions for Okta. Paycom Software's average media sentiment score of 1.31 beat Okta's score of 0.03 indicating that Paycom Software is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Okta
1 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
2 Very Negative mention(s)
Neutral
Paycom Software
12 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Okta has a beta of 1.02, meaning that its stock price is 2% more volatile than the S&P 500. Comparatively, Paycom Software has a beta of 1.14, meaning that its stock price is 14% more volatile than the S&P 500.

Paycom Software has lower revenue, but higher earnings than Okta. Okta is trading at a lower price-to-earnings ratio than Paycom Software, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Okta$2.26B5.53-$355M-$0.84-87.73
Paycom Software$1.69B7.48$340.79M$8.3126.43

Okta currently has a consensus target price of $98.30, suggesting a potential upside of 33.40%. Paycom Software has a consensus target price of $193.67, suggesting a potential downside of 11.84%. Given Okta's stronger consensus rating and higher probable upside, analysts plainly believe Okta is more favorable than Paycom Software.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Okta
1 Sell rating(s)
19 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.34
Paycom Software
0 Sell rating(s)
11 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.08

Summary

Paycom Software beats Okta on 14 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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OKTA vs. The Competition

MetricOktaPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$12.52B$25.00B$23.64B$8.81B
Dividend YieldN/A2.33%2.77%4.06%
P/E Ratio-87.7393.80269.7617.82
Price / Sales5.538.043,234.5974.56
Price / CashN/A87.3932.4532.53
Price / Book2.1011.017.364.68
Net Income-$355M$444.73M$660.95M$226.08M
7 Day Performance-4.21%-0.07%0.24%-1.04%
1 Month Performance-0.47%4.17%0.82%1.04%
1 Year Performance3.76%23.90%18.79%26.28%

Okta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
OKTA
Okta
4.8697 of 5 stars
$73.69
-1.1%
$98.30
+33.4%
+2.3%$12.66B$2.26B-87.735,908Analyst Forecast
PAYC
Paycom Software
4.6629 of 5 stars
$219.67
+1.3%
$193.67
-11.8%
+20.4%$12.51B$1.69B26.437,308Positive News
CTXS
Citrix Systems
1.1105 of 5 stars
$103.90
flat
N/A+0.0%$13.18B$3.22B40.129,700
COUP
Coupa Software
0.2399 of 5 stars
$80.97
flat
N/AN/A$6.12B$818.11M-18.113,076
ANSS
ANSYS
3.8871 of 5 stars
$342.24
+0.8%
$342.50
+0.1%
+13.2%$29.93B$2.47B52.816,200Short Interest ↑
Positive News
DDOG
Datadog
4.7404 of 5 stars
$135.45
+1.5%
$150.96
+11.5%
+21.2%$46.02B$2.13B255.575,200Analyst Forecast
Insider Trade
EA
Electronic Arts
4.2945 of 5 stars
$166.71
+0.3%
$165.37
-0.8%
+23.1%$43.72B$7.56B42.8613,700Insider Trade
SNOW
Snowflake
4.7444 of 5 stars
$129.12
-0.9%
$171.59
+32.9%
-22.6%$43.66B$2.81B0.007,004Analyst Forecast
News Coverage
High Trading Volume
HUBS
HubSpot
4.2373 of 5 stars
$695.00
+1.8%
$672.68
-3.2%
+46.2%$35.23B$2.17B0.007,663Insider Trade
VEEV
Veeva Systems
4.7395 of 5 stars
$210.63
+0.4%
$236.92
+12.5%
+17.8%$33.99B$2.36B56.177,172Analyst Forecast
NET
Cloudflare
3.8202 of 5 stars
$96.47
+0.1%
$92.88
-3.7%
+32.5%$33.07B$1.30B0.003,682Insider Trade

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This page (NASDAQ:OKTA) was last updated on 11/21/2024 by MarketBeat.com Staff
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